Celonis, a Munich-based startup raised $50M Series B investment at a valuation of $1 Billion recently. The round was led by existing investors Accel and 83North. The startup plans to use the funding proceeds to accelerate hiring and expansion plans throughout the world.
Reportedly, Celonis is a process mining software that provides visibility into existing process flows, analysis of process metrics, and software-based process improvement for big companies like Exxon-Mobil, 3M, Merck, and Lockheed-Martin.